Top Stories
December 15, 2009
By Dimitri Kanellopoulos, BuyActive.com
NEW YORK (BuyActive) - Citigroup shares have already dropped a great deal ahead of the offering. The shares fell 6.33% to $3.70 Monday.
This gives investors a great opportunity to buy the stock.
Word on the street is that institutional interest in share offering is strong, a big step in the right direction for the company.
Of course Citigroup is anxious to pay back the TARP because that would mean a lifting of the "executive pay restrictions" that came along
as part of the borrowing conditions.
We will all be watching closely to see how much money they can raise and what will be the final price of the share offering.
The price today at $3.70 a share is a steal for the long term investor. The shares could easily quadruple in price over the next three years to $15.00.
Investors should buy Citigroup shares now, this is the opportunity of the decade!
Citigroup will be the best capitalized bank, and the US government will gradually sell their holdings, providing a strong vote of confidence
in the future, especially when the average daily trading volume is about 500,000,000 million shares.
If you already own shares of Citigroup just hold and be patient. If you have any cash set aside, now would be the time to average down.
If you don't own any shares, now is the time to buy. Like I said before, at $3.70 it's a steal! BUY! BUY! BUY!
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Dimitri Kanellopoulos
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